Why Ron Paul Abandoned His Presidential Bid

A few days ago, we reported that Ron Paul had said “Adios!” to his presidential campaign. Robert Stacy McCain suggested in his blog post about the news that Paul supporters had “been misled and exploited,” since Paul can use the millions he raised in his presidential bid towards his reelection campaign.

Well, I’ve found out that Ron Paul actually needs those millions of dollars to save his House seat. See, Ron Paul is facing a primary challenge against Chris Peden, and things are actually looking very good for Peden.

Republican sources tell me that an internal poll from the Ron Paul camp shows Peden leading over Paul 43% to 32%. In addition to that, a generic poll from the National Strategy Group shows that 67% of Republican voters in TX-14 overwhelmingly want a Republican other than Ron Paul representing them.

The bottom line: These polls are the reason Ron Paul abandoned his presidential bid. Just as Dennis Kucinich abandoned his go-nowhere campaign for the presidency in order to fight for his seat in competitive primary.

UPDATE: Pajamas Media discovers similar data… interviews Peden.